Ethereum started a fresh increase after the bulls defended $1,700 kíinsa'ab tu táan le dólar estadounidense. ETH price is likely to continue higher above the main $2,000 resistance.
- Ethereum is showing positive signs above the $1,850 y $1,900 resistance levels.
- The price is now well above $1,900 yéetel le 100 media móvil simple tumen p'isib.
- There was a break above a major bearish trend line with resistance near $1,840 ti' le gráfico horario ETH leti' USD (alimentación datos yéetel Kraken).
- The pair is likely to clear the $2,000 barrier and it could accelerate higher in the near term.
Ethereum Price is Gaining Pace
Ethereum remained well bid above the last swing low near $1,700. ETH formed a base above $1,700 and it started a major increase. The bulls were able to push the price above the $1,850 kúuchil tu'ux resistencia.
There was also a break above a major bearish trend line with resistance near $1,840 ti' le gráfico horario ETH leti' USD. The pair climbed above the 61.8% Fib retracement level of the of the key decline from the $2,038 swing high to $1,715 Yáanal.
It is now well above $1,900 yéetel le 100 media móvil simple tumen p'isib. Ether price is consolidating above the 76.4% Fib retracement level of the of the key decline from the $2,038 swing high to $1,715 Yáanal.
Fuente: ETHUSD ti' TradingView.com
It seems like the price could continue to rise above $1,980. The next key resistance is near the $2,000 kaajo'ob. Any more gains could set the pace for a move towards the $2,115 nivel. Náats' ti' le 1.236 Fib extension level of the of the key decline from the $2,038 swing high to $1,715 Yáanal. An intermediate resistance could be near the $2,050 nivel.
Fresh Decline in ETH?
If Ethereum fails to clear the $2,000 y $2,050 resistance levels, it could start a fresh decline. Jump'éel bix inicial ti' u jo'osa'al táan naats'il ti' le $1,920 nivel.
The first major support is now forming near the $1,875 level and the 100 hourly SMA. A downside break below the $1,875 zone could lead the price further lower. Ti' le óoltaj expuesto, the price could move down further towards the $1,800 nivel.
MACD tumen p'isib – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
RSI tumen p'isib – The RSI for ETH/USD is currently well above the 60 nivel.
Nivel bix noj bejo' ti– $1,875
Nivel resistencia noj bejo' u – $2,000
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